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1/17/2011

The Crooks accusing a Whistle Blower

A Swiss whistleblower, Rudolf Elmer, will be charged in the Swiss court for breaking Swiss banking secrecy laws. Rudolf will be turning his compilation of bank data showing money laundering and tax evasion to WikiLeaks. The data is proof of the banks misdeeds and those of its officials and their customers. Rudolf was the COO of Julius Baer bank in the Cayman Islands but was fired for stealing the information. This is what he said. ‘The one thing on which I am absolutely clear is that the banks know…that money is being secreted away for tax evasion purposes, and other things such as money laundering.’ The bank’s reply is that Rudolf’s aim was ‘to discredit Julies Baer as well as clients’ by spreading “baseless accusations” and passing on “unlawfully acquired” documents to the media and WikiLeaks.’ If Rudolf is speaking the truth, then we have a bunch of criminals suing an innocent man. Accepted technically that he breached the banking laws, but what if the laws were abused by the banks? Would that absolve Rudolf of his crimes? The second part is that the bank has taken the position that Rudolf is lying and falsifying documents. The bank has thus taken a stand and can be hanged for it if it is found to be telling lies instead. The other frightening thing is that states could pass anything as laws, in this case banking secrecy acts, so that they can do criminal and immoral things. And breaking the laws becomes a crime. How neat. It is an open secret that many criminals and robbers parked their money in Switzerland and are protected by these laws. Who should be hanged then? When laws are for wrongful purposes, then the laws are a crime in itself.

10 comments:

Wally Buffet said...

Assange may not be much except a good computer hacker and a skirt chaser.

But he will go down in history as the guy who started a revolution in whistle blowing.

With all the leaks leaking out, his website should categorise the leaks such as:

Military Leaks.
Bank Leaks.
Bedroom Leaks.
Political Leaks.
Intel Leaks.
Financial Market Leaks.

and so on.

WTF. The world is getting more interesting by the day and Assange had a big part in it.

Should be named Time Man of the Year!

Hehe. :o)

Matilah_Singapura said...

Bank-client confidentiality is written into the Swiss Constitution.

This is going to be an interesting case. I doubt Rudolf has a chance though -- he did break the law -- constitutionally "safe" law.

Chua Chin Leng aka redbean said...

You missed the point I am trying to say. If the Swiss govt pass a secrecy law and use the law to commit crimes, is that ok? Yes it is the law.

Any govt can pass a law like no one can check the bank account of their leaders. So anyone attempting to do such a thing will be guilty of a crime. It is against the law!


Get it?

Matilah_Singapura said...

redbean,

They didn't "pass a law". It is in the constitution.

Do ===> YOU <=== get it?

Yes, they can if they so choose -- allow money launderers and such like to "get away". They can also breach their own laws. However if found out, that affects their reputation, and thus their earning potential.

Govts can, and occasionally break their own laws or the constitutional laws in place to "govern the govern".

No surprises there.

I hope you get the picture.

Wally Buffet said...

Every sovereign country can have laws to its liking.

Besides Swiss crafted watches, not the cheapskate, battery operated types, private banking is another dominant economic specialty of theirs.

If the Swiss says they are offering a service and it is within the laws of their country, who is to say otherwise.

Similarly, if Singapore bans Chewing gum, who is to say that what we are doing is wrong?

There is absolutely no total banking secrecy anywhere in the world. If a law has been transgressed, prove it and obtain a court order and you'll be entitled to pursue it.

So branding the whole Swiss private banking as "Crooks" is to say the least, short sighted.

Chua Chin Leng aka redbean said...

Ah it is in the Swiss Constitution. Is the Constitution law? : )

The Swiss should add this into their Constitution, beside the bank secrecy acts. All money are welcome, dictators, mafias, gangsters, corrupt officials, no question asked. It is protected by Swiss Laws. Oops, I mean Swiss Constitution: )

Proof? Many politicians are corrupt. But they will stand on stage that they are clean and challenge anyone to prove their guilt. The courts of law love to have proof. The courts of natural justice and of the people don't demand proof to come to a verdict. sometimes right and too right. Sometimes wrong also. So are the courts of law with their over dependence on evidence and proof.

Matilah_Singapura said...

The constitution forms the basic law of the land.

Yes, occasionally criminals can and do take advantage of that fact.

For e.g. the Jews got really pissed when the Jerry's used the Swiss banks to hide the gold and stuff the Jerry's stolen from murdered Jews. Too bad. That's war -- shit is going to happen.

A state can make and enforce any constitutional article it wants for any reason.

I don't have a problem with that. Do you?

Anonymous said...

Who are the crooks and who is the Whistle Blower is becoming a blur.

For all we know, the Whistle Blower himself was at one time drinking from the same trough as the other pigs.

It is the same everywhere, even here.

Wally Buffet said...

Now, like Mr. Bean says, that's what I call a thinking man.

Hehe. :o)

Anonymous said...

I think Switzerland and SIngapore should be considered as risky states , where money , especially from terrorist groups can be parked or laundered , let alone the tax evasion problem.
It is time for International pressure on these states to start acting responsibly or suffer the consequences .
Name and shame operations have worked in the past and could work again.

People who go to Thailand etc get put on lists as possible sex tourists , well people who go to Switzerland or Singapore should be put on a financial suspect list.